Higher Things Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,200,857 | 85,981 | 1,114,876 | 22.8 | 0% |
| 2020 | 1,253,241 | 1,288,949 | −35,708 | 1.2 | 24% |
| 2021 | 743,621 | 644,681 | 98,940 | 4.2 | 53% |
| 2022 | 1,219,223 | 1,256,723 | −37,500 | 1.8 | 31% |
| 2023 | 1,252,652 | 1,079,535 | 173,117 | 4.4 | 29% |
In its most recent public year (2023), this organization brought in $173,117 more than it spent. Its reserves stood at about 4.4 months of spending, down from 22.8 in 2019. Staff pay was 29% of spending. $12,357 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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